location_on 1553 Hyde Park Rd, London

Land

1553 Hyde Park Rd

London, Ontario N6H 5L5

$3,500,000

For Sale

Property Information

Executive development opportunity on Hyde Park and Gainsborough with driveway access off Hyde Park Road. Designated as a “Main Street” in the London Plan, development along Hyde Park Road encourages commercial and residential repurposing, intensification and infill. the “inward and upward” philosophy of The London Pan compliments the proposed 6-storey mixed-use building containing 70 residential units and a ground floor area of 8,900 sq ft for commercial use. Developments in the immediate area include single family, mid-rise and high-rise residential uses along with mixed-use buildings. Municipal services are available for the proposed development. Traffic volumes of 32,000 daily, on major public transit route and access to bike lanes on both side of the road. Lot frontage of approximately 180 ft and depth of 236 ft. Many commercial uses included in the broad BDC 1 and 2 zoning. Owner/tenant willing to lease-back until existing structures are ready for demolition.

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X8286268
Price : $3,500,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 74
Address
Province : Ontario
City : London
Postal Code : N6H 5L5
Street : Hyde Park
Street Number : 1553
Street Suffix : Rd
Floor Number : 0
Longitude : W82° 40' 6.6''
Latitude : N42° 59' 52.4''
Brokerage
Office Name : GLEED INC.
Extra Information
Area : Middlesex
living_area : 0
living_area_unit : Sqft
Community : North I
Lease : Sale
Tax Year : 2023

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1553 Hyde Park Rd London, Ontario N6H 5L5